Provident Acquisition (NASDAQ:PAQC – Get Rating) is one of 682 publicly-traded companies in the “Holding & other investment offices” industry, but how does it weigh in compared to its competitors? We will compare Provident Acquisition to similar businesses based on the strength of its dividends, analyst recommendations, risk, profitability, earnings, valuation and institutional ownership.
This is a summary of current recommendations for Provident Acquisition and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Provident Acquisition Competitors||172||673||954||20||2.45|
Valuation & Earnings
This table compares Provident Acquisition and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Provident Acquisition||N/A||$10.60 million||8.36|
|Provident Acquisition Competitors||$1.23 billion||$57.83 million||-16.57|
Provident Acquisition’s competitors have higher revenue and earnings than Provident Acquisition. Provident Acquisition is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
This table compares Provident Acquisition and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Provident Acquisition Competitors||49.62%||-28.80%||2.69%|
Insider & Institutional Ownership
64.9% of Provident Acquisition shares are owned by institutional investors. Comparatively, 51.1% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 23.3% of shares of all “Holding & other investment offices” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Provident Acquisition competitors beat Provident Acquisition on 6 of the 9 factors compared.
About Provident Acquisition (Get Rating)
Provident Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.
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